Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/214183 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
Ruhr Economic Papers No. 830
Publisher: 
RWI - Leibniz-Institut für Wirtschaftsforschung, Essen
Abstract: 
The theoretical literature argues that labor markets outcomes are affected by real minimum wages. Real minimum wages, however, co-move with the business cycle; their correlation with labor market outcomes should therefore not be interpreted causally. We employ structural vector autoregression to distinguish between endogenous variation in real minimum wages, e.g. due to changes in the stance of the business cycle, and exogenous shocks. Impulse responses show that in the US, real minimum wage shocks increased teen wages and lowered employment and working hours of teenagers.
Subjects: 
minimum wage
panel VAR
teen employment
teen working hours
teen wages
US
JEL: 
J3
J48
Persistent Identifier of the first edition: 
ISBN: 
978-3-86788-963-6
Document Type: 
Working Paper

Files in This Item:
File
Size
393.71 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.